TradingMarkets Mid-Day Movers

  • April 4, 2007
  • Darren Wong

U.S. stocks rise as Iran agrees to free British
sailors and crude prices fall. The move higher comes despite
weak data in factory orders for the service sector.

May Crude futures are dropping
this morning on currently off by 0.6% to $64.22 per barrel. Gold futures
are moving up as the dollar continues to slide, currently up 1.4%
to $678.70 an ounce.

Asian stocks continue gaining ground.
Tokyo’s Nikkei led the major Asian indices by adding 1.7% to
17,544.09, Hong Kong’s Hang Seng Index rose 1% to 20,209.71, and
the Shanghai Composite closed fractionally higher to 3,291.54.

Our

Daily Market Bias page has been updated with new indicators to
determine if there is a strong bias for the market to move higher
(or lower) the following day. These tables can help you to
pinpoint market conditions that have historically led to
significant up or down moves over the next 1 to 5 days.

Click here for more information on our Daily Market Bias
indicators.



Stocks in
Motion

Monster Worldwide
(
MNST |
Quote |
Chart |
News |
PowerRating) Cuts Q1 Revenue Outlook;
Backs FY07 Revenue Forecast (full
story). MNST shares drop over 13%.

Best Buy
(
BBY |
Quote |
Chart |
News |
PowerRating) Q4 Profit Rises On Strong Top Line Growth, 5.9% Rise In Comps; Gives
FY08 View (full
story). BBY shares lose 1.5%.

Circuit City Stores
(
CC |
Quote |
Chart |
News |
PowerRating) Slides To Loss In Q4 On
Restructuring Charges; Gives FY08 Sales View (full
story). CC shares fall by 1.5%.

Panera Bread
(
PNRA |
Quote |
Chart |
News |
PowerRating) Q1 Sales Rise 24%; March Comp.
Slips 0.2%; Sees Q1 EPS At Or Below Prior Outlook (full
story). PNRA shares fall by 3.7%.

For more stories as they happen, go to our
Breaking News section.

Market Snapshot

Dow

 +12.51 12,522.81

NASDAQ

 +5.65 2,455.98

S&P 500

 +0.48 1,438.27

NYSE NASDAQ

Volume

 1,041,779,000 707,384,000

Advances

 1524 1278

Declines

 1538 1547

Up Volume

 487 441

Down Volume

 425 193

New Highs

 176 108

New Lows

 12 23



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
GSTI Semiconductor Index (GSM) Dow Jones Internet Index (ECM)
Amex Gold Bugs Index (HUI) CBOE Internet Index (INX)
Morgan Stanley Healthcare Payors Index (HMO) Dow Jones Equity REIT Index (DJR)


Economic
News

EIA reports that crude
inventories showed a build of 4307K barrels

Factory
Orders +1.0% vs +1.8% consensus, prior -5.6%

ISM Services 52.4 vs 55.0 consensus, prior 54.3

Darren Wong

Associate Editor

darrenw@tradingmarkets.com